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Recently, the crypto assets market has shown a volatile trend, with fierce battles between long positions and short positions for major mainstream tokens. The latest data shows that Bitcoin's long and short forces are relatively balanced, while Ethereum is showing a long positions dominant situation.
Currently, the Bitcoin price is hovering around $106,800. Market analysis shows that if Bitcoin rises to $108,800, it could trigger around $1.22 billion in short liquidations; conversely, if it falls to $104,800, it could lead to about $720 million in long positions being liquidated.
Regarding Ethereum, the current price is around $3870. If it breaks through $3970, approximately $960 million in short positions are expected to face liquidation risk; whereas if it falls below $3770, about $370 million in long positions may be liquidated.
It is worth noting that this week the fund flow of cryptocurrency ETFs showed a divergence. The Bitcoin spot ETF had a net outflow of $889 million, the Ethereum spot ETF had a net outflow of $135.4 million, while the Solana spot ETF had a net inflow of $14.1 million, indicating differing views among investors on various projects.
In terms of market sentiment indicators, the current Fear and Greed Index is 23, which is in the panic range, while the Altcoin Season Index is 33, indicating a generally cautious sentiment in the market.
Looking ahead, analysts believe that the market may continue to maintain a volatile pattern over the weekend, with real turning points possibly appearing next week. They advise investors to remain vigilant, noting that the current daily level is still in a downtrend, with shorting at high levels as the main strategy in the short term.
For specific coins, analysts have provided the following key price level references:
- Bitcoin is focused on the support at 104,000 USD below and the resistance at 108,000 USD above.
- Ethereum focuses on the support at $3650 below and the resistance at $3950 above
- Solana is focused on the support at 172 USD below and the resistance at 190 USD above.
Finally, professionals remind investors that it is especially important to remain rational and control risks in the current market environment. They emphasize not to be overly greedy, to take profits and cut losses in a timely manner, to avoid holding onto losing positions for too long, and to be bold in holding profitable positions when the judgment is correct.